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EXHIBIT 99.1
Amphastar Pharmaceuticals Reports Financial Results for the Three Months Ended September 30, 2017
Reports Net Revenues of $57.9 Million for the Three Months Ended September 30, 2017
RANCHO CUCAMONGA, CA – November 8, 2017 – Amphastar Pharmaceuticals, Inc. (NASDAQ: AMPH) (“Amphastar” or the “Company”) today reported results for the three months ended September 30, 2017.
Third Quarter Highlights
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Net revenues of $57.9 million for the third quarter |
· |
GAAP net income of $0.2 million, or $0.00 per diluted share, for the third quarter |
· |
Adjusted non-GAAP net income of $3.5 million, or $0.07 per diluted share, for the third quarter |
Dr. Jack Zhang, Amphastar’s CEO, commented: “The third quarter was a successful one for Amphastar with approvals of both sodium bicarbonate and neostigmine. Approvals like these will help us diversify our sales base.”
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Three Months Ended |
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Nine Months Ended |
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September 30, |
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September 30, |
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2017 |
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2016 |
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2017 |
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2016 |
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(in thousands, except per share data) |
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Net revenues |
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$ |
57,916 |
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$ |
64,223 |
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$ |
179,773 |
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$ |
191,622 |
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GAAP net income |
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$ |
175 |
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$ |
3,890 |
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$ |
3,040 |
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$ |
13,274 |
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Adjusted non-GAAP net income* |
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$ |
3,495 |
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$ |
6,648 |
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$ |
13,399 |
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$ |
22,557 |
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GAAP diluted EPS |
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$ |
0.00 |
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$ |
0.08 |
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$ |
0.06 |
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$ |
0.29 |
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Adjusted non-GAAP diluted EPS* |
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$ |
0.07 |
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$ |
0.14 |
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$ |
0.28 |
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$ |
0.49 |
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Please wait while we load the requested 10-Q report or click the link below:
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Amphastar Pharmaceuticals, Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2017 10-K Annual Report includes:
Financial Statements, Disclosures and Schedules
Inside this 10-Q Quarterly Report
Material Contracts, Statements, Certifications & more
Amphastar Pharmaceuticals, Inc. provided additional information to their SEC Filing as exhibits
Ticker: AMPH
CIK: 1297184
Form Type: 10-Q Quarterly Report
Accession Number: 0001297184-17-000035
Submitted to the SEC: Wed Nov 08 2017 8:27:48 PM EST
Accepted by the SEC: Thu Nov 09 2017
Period: Saturday, September 30, 2017
Industry: Pharmaceutical Preparations